Veteran Ghanaian music producer Hammer, also known as Edward Nana Poku Osei, has expressed concerns about the retirement security of local musicians. According to him, a bank teller has better retirement security than most artistes due to the country's poorly organised music sector. Hammer made these comments on the Konnected Minds podcast, citing survey data that shows 85.4% of surveyed Ghanaian musicians do not contribute to any registered pension scheme.
Hammer attributed the lack of pension plans among musicians to their irregular income. He stated that musicians are unlikely to make consistent pension scheme payments due to their unstable earnings. In contrast, bank tellers have a more stable income, making it easier for them to contribute to pension schemes. Hammer's comments highlight the financial challenges faced by musicians in Ghana, where weak royalty collection and monetisation structures hinder their ability to earn a stable income.
Hammer also questioned the number of successful musicians in Ghana, arguing that only a handful achieve stability. He claimed that even successful musicians rely on public goodwill rather than formal industry systems. According to Hammer, these artistes survive in the absence of a well-structured industry, doing their own thing to make ends meet. His remarks underscore the need for a more organised music sector that supports musicians' financial well-being.
Hammer's comments come amid renewed calls to support ageing creatives while they are still active. Veteran entertainers have been appealing for medical and welfare assistance, highlighting the need for a more comprehensive support system. Hammer's discussion on the podcast also touched on his early discovery of rapper Sarkodie, whom he heard on Adom FM's Kasahare freestyle programme. He was impressed by Sarkodie's lyrical dexterity and decided to call him to discuss potential collaboration.
Hammer recounted how his live call into the radio studio caused a stir when host Duncan realised who was on the line. He said it was pandemonium, and he later telephoned Sarkodie directly to discuss his career. Sarkodie confirmed Hammer's account on his official X page, stating that one phone call changed everything for him. He recalled how Hammer asked him to come to his studio, and despite not knowing how he would get there, he knew he had to take the opportunity.
Sarkodie, who has recently urged greater investment in Ghana's creative industry, has spoken about the impact of Hammer's support on his career. He wrote that the rest, as they say, is history, implying that Hammer's call marked a turning point in his career. Their conversation highlights the importance of mentorship and support in the music industry, particularly in Ghana.
The conversation between Hammer and Sarkodie underscores the need for a more supportive music industry in Ghana. With 85.4% of musicians lacking pension plans, there is a pressing need for industry stakeholders to address the financial security of artistes. By providing a more stable and supportive environment, musicians can focus on their craft, knowing that they have a safety net to fall back on in retirement.
Key points
- 85.4% of surveyed Ghanaian musicians lack pension plans.
- Hammer compares the financial stability of bank tellers to that of musicians.
- Sarkodie confirms Hammer's role in launching his career.
